Question: 3 6 ints Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,200 of its accounts receivable from

3 6 ints Dexter Company uses the direct write-off method. March 11

3 6 ints Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,200 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions. Answer is complete but not entirely correct. General Journal Debit Credit 8,200 8,200 No 1 Date March 11 Bad debts expense Accounts receivable-Leer Company 2 March 29 Accounts receivable-Leer Company Bad debts expense 3 March 29 Cash Merchandise inventory 8,200 8,200 8,200 C 8,200

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